Futures Tutorials

美股波动加大后，交易 S&P 500 期货的重点不只是看多看空，而是先算合约规模、最小跳动价值和隔夜跳空风险。

After choppy equity sessions, traders using S&P 500 futures should focus less on direction calls and more on contract size, tick value and overnight gap risk.

只减仓不是普通按钮，而是一条约束规则，用来避免退出订单在快速行情中反而增加风险敞口。

Reduce-only is not just a button. It is a rule that prevents an exit order from increasing exposure when markets move quickly or orders execute out of sequence.

Kraken 衍生品交易者应在开仓前确定保证金模式、杠杆和退出逻辑，因为持仓建立后模式不能随意切换。

Kraken derivatives traders should decide margin mode, leverage and exit logic before entry because the mode cannot be switched after the position is open.

原油上涨叠加芯片股回调，让股指期货交易更像仓位管理问题，而不是单纯猜方向。

A jump in crude and a chip-led stock selloff make this a position-sizing week for index futures traders, not a prediction contest.

永续合约资金费率可以反映多空失衡，但交易者应先把它当作会改变盈亏结构的持仓成本。

Perpetual futures funding can show market imbalance, but traders should first treat it as carry that changes position economics.